Trimble announced that it will change the reporting of its segment financial results to better reflect the Company's organizational structure and business models. Starting with first quarter 2024 results, Trimble will report revenue and operating income based on three operating segments as follows: Architects, Engineers, Construction and Owners ("AECO"). This segment primarily provides software solutions, which sell through a direct channel to customers in the construction industry.
Field Systems. This segment primarily includes hardware-centric businesses, which sell through dealer partner channels. Transportation and Logistics ("T&L"). This segment will primarily maintain the historical businesses from the previous Transportation segment, which serves customers working in long haul trucking and freight shipper markets.
Financial segment information for the four quarters and the full year for fiscal years 2023 and 2022, as if reported under the new structure, will be available in an 8-K filed and is posted in the Investor Relations section of the Company's web site at: